Vodafone, Cairn eligible for settling disputes under tax amnesty scheme
- Vodafone’s dispute relates to its $11 billion acquisition of a 67% stake in the mobile-phone business owned by Hutchison Whampoa
- Cairn Energy is contesting a big tax bill that Indian government raised for a 2006 transaction
Vodafone Group Plc and Cairn Energy Plc are eligible to settle a tax dispute with India’s government under a new amnesty program, a senior government official said. The companies will need to pay their taxes by March to benefit from the interest and penalty waivers under the program, Pramod Chandra Mody, chairman of the Central Board of Direct Taxes, said in an interview Tuesday.
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